The three-day World Blockchain Conference (Wuzhen) successfully came to an end on June 30, the grand peak of which came the award ceremony hosted by 8BTC. CarLive Chain, a connected car project, won the annual prize for application of Internet of Things. The award came in conjunction with IOV’s listing on Bit-Z, the world’s leading Exchange. (Since Bit-Z opened “trading mining” on 25 June, its trading volume soon has jumped the world’s first with 6.28 billion RMB within 3 hours and 270 billion within 12 hours.)

IOV, CarLive Chain’s token, performed well during its debut on Bit-Z. Its 24-hour trading volume ranked among the top 10 in the exchange market, and the first among newly listed tokens that month. Its price increased 20% higher since the opening of trading and its total market value now stands at 1 billion RMB stably .

The market value of CarLive Chain has maintained good momentum and stability during a bear market for blockchain circle as a whole. Such results came from wide recognition of the project from the public and expertise from its market value managing team.

Looking into the future, Ansel Qi, representative at CarLive Chain, pointed out before IOV’s listing that IOV’s value would develop gradually, quoting “we expect IOV’s value to quadruple in the future. Instead of presenting a super high value soon at its launching, we hope to maintain enough room for future growth.” At the World Blockchain Conference, Ansel Qi also expressed his unique thoughts about market value managing saying that “it is the middle and long term value that matters the most.”

IOV holders from the community expressed their positive attitude towards CarLive Chain’s future as it has a huge user base and clear application scenarios. Dr. Pang Huadong also pointed out that connected car tokens are of great prospect and connected car chains are becoming the main force in the 1 trillion-dollar auto consumer market.

At WCB, Ansel especially pointed out that the future development of connect car chain lies in protecting users’ middle and long term interests and returning asset value to users. He said “what we are doing is to protect users’ middle and long term interests rather than short-term speculation. History has proven that, no matter in the Internet Era represented by Baidu, Alibaba and Tencent or in Blockchain Era, anyone who wants quick money and tries to break the right model is destined to fail.”